# Nebius

> Nasdaq-listed, Amsterdam-based specialist AI cloud for training, inference and GPU infrastructure.

## Why it is interesting

Q3 2026 revenue was $980.8M, including a $325M one-time asset-light partnership item. Nebius plans $40–45B in 2027 infrastructure spending but faces delays at a Microsoft-contract New Jersey data center, making cash funding and execution critical.

## Profile

- **Latest funding:** Not publicly disclosed
- **Latest known valuation:** Not publicly disclosed
- **Total disclosed equity funding:** Not publicly disclosed
- **Stage:** public
- **Status:** public
- **Industries:** infra-cloud, ai-ml
- **Coverage:** full
- **Last updated:** 2026-11-13T00:00:00.000Z

## Key facts

- Q3 2026: $980.8M revenue (+571% year-on-year), about $325M from a non-recurring asset-light partnership.
- 2027 spending plan of $40–45B, with 75–85% expected to be funded through customer prepayments plus loans against customer contracts.
- Closed a $775M GPU secured facility in July and $5.75B convertible notes in August; entered a $3.5B Citi facility in October.
- New Jersey third-party capacity for Microsoft delayed; own-site execution is a key growth risk.

## Related articles

- https://venturecapitaltracker.com/nebius-q3-2026-capex-prepayments-microsoft-delay
- https://venturecapitaltracker.com/coreweave-vs-nebius-neocloud-financing-2026

**By:** [Venture Capital Tracker](https://venturecapitaltracker.com/editorial-policy)
**Last updated:** November 13, 2026

**Editorial note:** AI tools assisted with research, structure, or drafting. Venture Capital Tracker retains human editorial responsibility for factual accuracy, relevance, and source quality before publication.

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Source: https://venturecapitaltracker.com/startup/nebius